CAPE TOWN (Reuters) - New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and "destroy" Equatorial Guinea's economy, ...

Equatorial Guinea’s economy grew by an estimated 0.9% in 2024 which was insufficient to boost jobs and earnings enough to maintain living standards, especially in a context of soaring food prices.

Equatorial Guinea is in urgent need for a new development model to create new drivers of growth and jobs. Declining oil revenues, combined with past shortfalls in diversifying the economy, have ...